Separate Broker & Lender Tiers
Broker: $50K/$75K/$100K (or $150K for table funding). Lender: $100K/$150K/$250K (or $200K for servicers). Based on WV annual origination volume.
WV Division of Financial Institutions§ 31-17-4Same-Day Issuance
West Virginia Mortgage Broker Surety Bond
Secure your West Virginia mortgage broker or lender license with a surety bond from Surety One, Inc. Broker bonds $50,000–$150,000, lender bonds $100,000–$250,000. Consumer claims prioritized over penalties. Premiums individually determined.
WV Mortgage Bond
$50K – $250K
Separate broker & lender tiers • Consumer-first priority • Premium based on credit
Broker (≤$3M WV)$50,000
Broker ($3M–$10M)$75,000
Broker (>$10M)$100,000
Lender (≤$3M WV)$100,000
Lender (>$10M)$250,000
TurnaroundSame Day
Get Your Free Quote
Understanding Your Bond
What Is a West Virginia Mortgage Broker Surety Bond?
A West Virginia mortgage broker surety bond is required by the West Virginia Division of Financial Institutions, under the Commissioner of Financial Institutions, as a condition of licensure under WV Code § 31-17-4 (Article 17, Chapter 31).
West Virginia uses separate three-tier schedules for brokers ($50,000/$75,000/$100,000) and lenders ($100,000/$150,000/$250,000), both based on WV loan origination volume. Brokers seeking to participate in table-funded transactions must maintain a $150,000 bond. Lenders who also service WV loans must maintain a $200,000 bond regardless of volume.
West Virginia features a unique consumer-first priority: if a consumer restitution claim is pending when the Commissioner makes a claim for penalties or exam invoices, the consumer claim must be resolved first. The bond is in favor of the State for the benefit of consumers and for unpaid civil penalties or examination invoices.
The Three Parties
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PrincipalThe mortgage broker or lender who purchases the bond and must comply with WV Code Article 17, Chapter 31.
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ObligeeThe State of West Virginia — bond in favor of the State for the benefit of consumers, or for the Commissioner's claims for unpaid penalties or examination invoices.
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SuretySurety One, Inc. — the company that underwrites and issues the bond, guaranteeing the principal's compliance with West Virginia mortgage licensing law.
Consumer Claims First — Unique Priority Rule
West Virginia explicitly requires that consumer restitution claims must be resolved before any payments for unpaid civil penalties or examination invoices. This consumer-first priority is unique in the series and ensures borrowers are made whole before enforcement costs are paid.
Bond Amount Requirements
West Virginia Mortgage Bond Amounts
| License Type / WV Annual Originations | Bond Amount |
|---|---|
| Broker: $0–$3M WV originations | $50,000 |
| Broker: $3M–$10M WV originations | $75,000 |
| Broker: Over $10M WV originations | $100,000 |
| Broker: Table-funded transactions | $150,000 |
| Lender: $0–$3M WV originations | $100,000 |
| Lender: $3M–$10M WV originations | $150,000 |
| Lender: Over $10M WV originations | $250,000 |
| Lender: Services WV mortgage loans | $200,000 |
West Virginia Licensing Requirements
Key Bond & Licensing Requirements
Division of Financial Institutions
WV Division of Financial Institutions (Commissioner). Bond in favor of State for consumer benefit and enforcement costs. Consumer claims prioritized.
WV Code § 31-17-4
Article 17, Chapter 31. Also § 31-17A-13 (MLO bond). Commissioner prescribes bond form and conditions. Certificate of Compliance by Executive Director.
Net Worth: Broker $10K / Lender $250K
Broker: $10,000 min net worth. Lender: $250,000 min net worth. Financial statements (Balance Sheet, Income, Cash Flows). On-site manager at all consumer locations.
NMLS + WV-Specific Filings
NMLS ESB. WV Secretary of State registration. Credit Service Organization certificate. Business Registration from WV Dept. of Revenue. $5 per-loan annual fee.
Continuous / 30-Day Cancel
Continuous bond. 30-day written cancellation notice. Immediate new bond upon recovery. Commissioner may require new bond when action commenced. December 31 renewal.
Consumer Protection
What Does This Bond Protect Against?
Consumer-First Priority
Consumer restitution claims must be resolved before any payments for unpaid civil penalties or examination invoices — ensuring borrowers are made whole first.
Dual-Purpose Coverage
Bond in favor of the State for the benefit of consumers AND for claims by the Commissioner for unpaid civil administrative penalties or examination invoices.
Immediate Replacement
Immediately upon recovery upon any action on the bond, a new bond must be filed. Commissioner may also require a new bond when any action is commenced.
Commissioner Enforcement
Commissioner may bring actions on behalf of those aggrieved by the misconduct of the principal. Bond secures payment to the State or any individual of all monies due.
How It Works
Get Your West Virginia Mortgage Broker Bond in 4 Steps
Apply Online
Complete our mortgage bond application online or call us at (800) 373-2804. Free and no obligation.
Get Your Quote
Our underwriters provide a competitive premium quote, typically within hours. We work with all credit profiles.
Purchase & Sign
Accept your quote, complete the indemnity agreement, and pay your premium.
Filed via NMLS
Surety One files your Electronic Surety Bond through the NMLS, satisfying the licensing requirement.
Understanding Your Premium
How Is My Premium Determined?
Your premium is a percentage of your required bond amount, individually determined through underwriting review. You do not pay the full bond amount.
| Underwriting Factor | How It Affects Your Premium |
|---|---|
| Required Bond Amount | Higher bond amounts result in higher premiums. |
| Personal Credit Score | Your FICO score is a primary factor. Stronger credit = lower rates. |
| Financial Statements | Personal and/or business financials may be required for larger bonds. |
| Industry Experience | Your mortgage industry history influences risk assessment. |
| Claims History | Prior surety bond claims may affect terms offered. |
Every Applicant Receives a Personalized Quote
Surety One provides free, no-obligation quotes — and we decline no application. Apply now or call (800) 373-2804.
Common Questions
West Virginia Mortgage Broker Bond FAQ
WV broker bonds are $50,000–$150,000 and lender bonds $100,000–$250,000 based on WV origination volume. Your premium is individually determined by credit and underwriting review.
West Virginia requires that consumer restitution claims be resolved before any payments for unpaid civil penalties or examination invoices. This ensures borrowers are prioritized.
Yes. Brokers participating in table-funded residential mortgage loans must maintain a $150,000 bond — higher than the standard broker tiers.
Yes. Lender licensees who service WV mortgage loans must file a $200,000 bond regardless of their origination volume tier.
The WV Division of Financial Institutions (Commissioner) requires the bond under WV Code § 31-17-4. Bond filed electronically through NMLS.
Yes. Surety One declines no application. We offer non-standard programs for all credit profiles.
WV mortgage licenses expire December 31. Continuous bond with 30-day cancellation notice. $5 per-loan annual fee for each WV loan originated/brokered.
The Surety One Advantage
Why Choose Surety One, Inc.?
WV Dual-Tier Specialists
West Virginia's separate broker and lender schedules plus special table-funding and servicer bond requirements demand experienced surety underwriting.
Same-Day Issuance
Most West Virginia mortgage bonds are issued the same business day. Our 24/7/365 underwriting team provides guaranteed same-day feedback.
A+ BBB Rated
Surety One carries an A+ rating with the Better Business Bureau in both our U.S. and Puerto Rico offices.
All Credit Accepted
We decline no application. Our non-standard programs provide access to bonding for all credit profiles.
Appalachian Expertise
Operating in West Virginia and the broader Appalachian region? We streamline bonding across all 50 states from a single point of contact.
Free Quotes, No Obligation
Application review and quoting are always free. There is no obligation to purchase.
